{"id":10499,"date":"2025-09-11T19:42:01","date_gmt":"2025-09-11T19:42:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/figures-7-6b-ipo-debut-shows-appetite-for-real-world-blockchain-firms\/"},"modified":"2025-09-11T19:42:06","modified_gmt":"2025-09-11T19:42:06","slug":"figures-7-6b-ipo-debut-shows-appetite-for-real-world-blockchain-firms","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/figures-7-6b-ipo-debut-shows-appetite-for-real-world-blockchain-firms\/","title":{"rendered":"Figure\u2019s $7.6b IPO debut shows appetite for real-world blockchain firms"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Figure Technologies, a blockchain-based consumer lending platform, had a strong NASDAQ debut. <\/p>\n<div id=\"cn-block-summary-block_6d759f162eb48d487418ca59bf7fa0dd\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Figure Technologies IPO\u2019d on NASDAQ, valuing the company at $7.62 billion<\/li>\n<li>The company raised $787.5 million from investors, with the offer price at $25<\/li>\n<li>Stock started public trading at $44 per share, later stabilizing at $31<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Wall Street is showing a strong appetite for blockchain stocks. On Thursday, September 11, blockchain-based consumer lending firm Figure Technologies had a strong start on the Nasdaq. The company sold 31.5 million shares in its initial public offering, raising $787.5 million from investors. <\/p>\n<p>Shares started public trading at $44, significantly higher than the $25 offering price, valuing the firm at $7.62 billion. Although the shares later stabilized at $31, the strong opening indicates significant interest in companies that leverage blockchain to solve real-world problems.<\/p>\n<p>The company\u2019s co-founder, Mike Cagney, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/figure-co-founder-on-ipo-we-will-transform-investing-by-using-the-blockchain-152407471.html\" target=\"_blank\" rel=\"nofollow\">stated<\/a> that Figure is just one example of how blockchain can transform entire industries. He explains that the technology has the potential to lower costs by cutting the need for trusted intermediaries.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>So if you think of something like the stock market, it\u2019s an easy example. Seven parties sit in between buyers and sellers of every transaction. Blockchain has the ability to distill that down just to two, Mike Cagney, Figure. <\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Figure promises to transform home equity loans<\/h2>\n<p>Unlike some other crypto-related investments, Figure is not a speculative project. Instead, it is a business that solves a real problem in consumer lending. Notably, home equity loans are typically slow and costly to approve.<\/p>\n<p>Figure claims that it can originate home equity loans in 5 to 10 days, compared to the U.S. average of 42 days. The firm uses blockchain to track key credit data, including credit scores, home equity, and property valuations, and to keep this information transparent. Still, using technology to solve a problem that usually requires trained professionals raises questions, and Figure still has to prove its track record in the long run.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Figure Technologies, a blockchain-based consumer lending platform, had a strong NASDAQ debut. Summary Figure Technologies IPO\u2019d on NASDAQ, valuing the company at $7.62 billion The company raised $787.5 million from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10499"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10499\/revisions"}],"predecessor-version":[{"id":10500,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10499\/revisions\/10500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/600"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}